The board of directors of CIBC FirstCaribbean has appointed three senior executives, subject to regulatory and governmental approvals.
From 1 June, 2013, Daniel Farmer will assume the role of managing director in corporate lending and investment banking, replacing Ian Chinapoo, who has taken up another senior position outside of CIBC FirstCaribbean in his native Trinidad.
Mark St. Hill will assume the role of managing director in retail and business banking and Donna Wellington will assume the role of managing director in Barbados.
Mr. Farmer started his career in Barbados with Citicorp Merchant Bank Limited (Citigroup), managing the corporate bank in Barbados. He was later promoted to corporate bank head for the non-branch territories in the Caribbean (Barbados, Eastern Caribbean, Guyana, Suriname and Belize). He joined the Simpson Group of Companies in 2006 as the group’s vice president of treasury and overall group director. Mr. Farmer joined CIBC FirstCaribbean International Bank in February 2010 as managing director for the Barbados Operating Company.
Mr. St. Hill was appointed managing director of CIBC FirstCaribbean’s Barbados business in September 2012. Previous to that, he was the director of international banking with responsibility for the leadership and development of the international banking (personal and corporate) offerings across the six centres in the Bahamas, Barbados, British Virgin Islands, Cayman Islands, Curacao and Turks and Caicos.
Mr. St Hill has more than 20 years experience in various positions spanning insurance broking, retail banking, corporate banking, credit risk, international banking and wealth management. He has also held senior management positions in several countries including Grenada, the British Virgin Islands and Barbados.
Ms Wellington joined CIBC FirstCaribbean International Bank in 2005, after working for Sagicor, Ernst & Young Caribbean and PricewaterhouseCoopers in Barbados. At CIBC FirstCaribbean, she has progressed through various positions in the corporate finance and investment banking segments, culminating in her position as the head of the Corporate Credit Recoveries group based in the Bahamas.
CIBC FirstCaribbean has also announced the creation of a new unit in the bank, to accelerate its progress on initiatives to strengthen its control environment. The new Governance and Controls Unit will be led by Donna Graham, who has been appointed managing director governance and controls. Mrs. Graham most recently performed role of chief auditor. Patricia Rowe-Seale has in turn been appointed acting chief auditor.
Mrs. Graham has had successful careers in both the private and public sectors in Canada. She worked as a management consultant from 1999 to 2002 at the Canadian firm of McKinsey & Company, where she developed business strategies for a number of Fortune 500 companies across multiple sectors, including financial services.
She joined CIBC FirstCaribbean’s parent company in 2002 to develop an internal strategic consulting group for the retail bank.